How should I figure out how much to rent to charge?

A: Obviously, prevailing rents for similar properties should be your first stop.

But getting the best return on your investment starts with making sure you're going to get enough rent to, ideally, cover expenses and costs.

One rule of thumb is to charge 15 percent above monthly mortgage and maintenance costs.

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However you define this “new age of austerity,” the fact is that we have less to spend and are now redefining our standards of living. How we come to terms with new economic realities and our hopes that our children can realize a middle class lifestyle is an important conversation, one the Courier-Journal hopes to lead. Courier-Journal journalist Jere Downs reports, writes, and tracks down the information that all of us need to raise our standard of living. The granddaughter of an auto worker and a witness to the decline of the middle class in her native Detroit, Downs is a longtime business writer, and graduate of the Columbia University Graduate School of Journalism.• Contact Jere with story ideas or feedback

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How should I figure out how much to rent to charge?

Obviously, prevailing rents for similar properties should be your first stop. But getting the best return on your investment starts with making sure you're going to get enough rent to, ideally, cover